Archive for April, 2013

Democrats Push for ‘Independent Monitor’ Over Foreclosure-Review Deal

April 26, 2013

The following article is brought to you by ECreditDaily.Com. A group of House Democrats Thursday proposed the creation of an “independent monitor” to oversee the settlement between regulators and 13 mortgage servicers that in January abruptly ended the Independent Foreclosure Review for 4 million wronged borrowers. The proposed legislation — Mortgage Settlement Monitoring Act of […]

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Posted in 'INDEPENDENT' FORECLOSURE REVIEW, Chase Home Finance Class Action Lawsuit, Home Loan Modifications, Jamie Dimon, JPMorgan Chase | 3 Comments »

Settlement Checks Over 2009-10 Foreclosures Arrive

April 26, 2013

The following article is brought to you by KCRG.Com. FAIRBANK, Iowa – Five weeks ago, a postcard arrived at Harold Clayton’s house. Not unusual for any homeowner. “I thought it was fake,” he said of the card, informing him of the pending settlement checks of the $3.6 billion Independent Foreclosure Review. The federal government reached […]

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Posted in 'INDEPENDENT' FORECLOSURE REVIEW, Chase Home Finance Class Action Lawsuit, Home Loan Modifications, Jamie Dimon, JPMorgan Chase | 1 Comment »

Online Petition Seeks to Reinstate Foreclosure Reviews

April 25, 2013

The following article is brought to you by ECreditDaily.Com ligible borrowers under the Independent Foreclosure Review, many of whom have started to get compensation checks in the mail, are quickly signing up for an online petition to have the process reinstated for those who initially applied for a review. The vast majority of the nearly […]

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Posted in 'INDEPENDENT' FORECLOSURE REVIEW, Chase Home Finance Class Action Lawsuit, Home Loan Modifications, Jamie Dimon, JPMorgan Chase | 3 Comments »

Borrowers Mull ‘Class Action’ as Foreclosure-Review Checks Arrive

April 22, 2013

The following article is brought to you by the ECreditDaily.Com Two years after bank regulators took their initial “enforcement” action against mortgage servicers in the mostly-defunct Independent Foreclosure Review, checks to nearly 4 million eligible borrowers have started to arrive at mailboxes nationwide. But anger persists among the recipients of these checks — the vast […]

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Posted in 'INDEPENDENT' FORECLOSURE REVIEW, Chase Home Finance Class Action Lawsuit, Home Loan Modifications, Jamie Dimon, JPMorgan Chase | 15 Comments »